Yeah it's the sad truth. I like management's aggressive growth attitude but "At what costs?" Selling shares @14 when your stock was finally breaking out of 17 wasn't the answer. It was bad but the result wasn't really tragic. The company's results are solid again, and now I just hold my breath that Colm doesn't get giddy like a school girl and start "growing" again for growth's sake. If there is one thing with fly that irks me, its the external management structure that rewards size, not accretive growth per share.
Its slightly more expensive per year (prob less than 1 mil).
Its considered "permanent capital" equity as opposed to the other prefs that would mature in 3 yrs.
With that debt obligation gone leverage improves and so i would have to agree that this is a net benefit for gsl. Now buy SOME SHIPS!
Q3 will have a better Q over Q revenue comparison from last year as far as similar end of lease payments. I think we will see even more of the benefits of the acquisitions from the last 12 months as well. But yeah we should be in the 18-20 dollar range.
Hmm cma cashing out? Dont mind that. I find it strange that our debt yeild was just above 10% but this pref shares are 8.75%. Makes the debt deal look bad.
once again need-opinions is spouting off with no facts or relevant metrics. I remember when this dolt was throwing in his 2 cents in on gpt saying how the company wasn't worth more than 2 .00 dollars at the time. Glad I didn't listen, still hold shares which are now priced around 6.00.
I don't agree that Schaeffer has been conservative. He's been underwriting loans these last two year like a wombat and leveraging up the equity in the clo's 3:1. They have also been on a shopping spree as far as multifamily apts and such. That along with picking up the retail management service, Schaeffer has been pretty proactive in my book the last two years.
I tell you what I've never heard such a collection of dolts opine about the same issue over an over. Good Grief!
"Are u guys ready for a downturn?"
"What inning are you in?"
"Are you in more wide-bodies or narrow-bodies?"
"Are your planes getting fat or are they going on the paleo diet?"
"If you were a plane, what kinda of plane would you be?"
Funny how the market treats your stock when you provide it with more transparency. Now they are talking about the weighted avg lease terms again and breaking down revenues including end of lease income amongst other things. Whoa and an official guidance statement? HOLD THE PRESSES!!!